SRS Real Estate Partners Represents Seller In $6.2M Sale Of Super Star Car Wash In Los Angeles
1640 West Martin Luther King Junior Boulevard
$6,200,000
$892/SF
Building Size
6,947 SF
Asset Type
Retail
Closing
Jul 28, 2026
AI
A 6,947-square-foot retail asset located at 1640 West Martin Luther King Junior Boulevard in Los Angeles, CA, has been sold for $6,200,000. The property, situated on 0.56 acres, is occupied by a Super Star Car Wash and features a corporate-guaranteed absolute triple-net lease with approximately 20 years left on the lease term.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $6,200,000
- Square Footage: 6,947
- Address: 1640 West Martin Luther King Junior Boulevard, Los Angeles, CA
- Price Per Square Foot: $892
- Broker Representatives: Calvin Short & Aron Cline - SRS Real Estate Partners
- Buyer: Los Angeles-based private investor
- Seller: Phoenix-based entity
- Transaction Purpose: 1031 exchange
SRS Real Estate Partners facilitated the transaction, with brokers Calvin Short and Aron Cline representing the seller throughout the sale process. This deal marks a significant investment move for the buyer, aligning with their 1031 exchange strategy.
Players
Alpine Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93